Ethereum News Update: Crucial Support and Resistance Clash for Ethereum: Bulls and Bears Face Off in Intense Showdown

Ethereum’s recent price movements have reignited discussions among market observers, as the asset trades near significant psychological levels. Bulls are aiming for a recovery above $4,000, while bears caution that a drop toward $3,300 is possible. Latest on-chain metrics and technical signals point to a delicate balance, according to

.

The $3,600–$3,750 range has become a crucial support, having recently halted further declines and absorbing selling pressure, as highlighted by

. Should this support fail, a sharper move down to $3,300 could follow, which coincides with the 100-day moving average and a previous consolidation zone, Coinpedia’s analysis notes. On the other hand, if Ethereum can maintain a move above $4,000—a resistance that has repeatedly limited upward momentum—bullish sentiment could return, possibly driving ETH toward $4,200–$4,300, according to Coinpedia. However, momentum tools like the RSI and MACD are currently neutral to slightly negative, indicating that buying power may be fading in the near term.

Technical experts have also pointed out a possible bull-flag formation just below the $4,100–$4,250 resistance, which has served as a barrier since mid-2025, according to Yahoo Finance. If ETH breaks above this area, it could pave the way for a move toward $5,000–$6,000, as suggested by Bitbull, a crypto analyst referenced in the reports. On-chain indicators, such as $165 billion in digital dollar reserves and increasing stablecoin usage, highlight Ethereum’s fundamental resilience, Coinpedia adds. Still, the market remains cautious, with traders looking for confirmation that

can sustain its broader upward trend after overcoming a long-term downtrend earlier this year, as noted by Yahoo Finance.

Short-term price swings are also being influenced by broader economic conditions. A notable Binance transaction involving more than 30,000 ETH has caught traders’ attention, as such large inflows often precede major price shifts, according to Yahoo Finance. Additionally, the 4-hour chart reveals the RSI has reclaimed the 50 mark and both the MA50 and MA100 have been surpassed, though the MA200 remains out of reach, as reported by

. A bullish engulfing candle on October 21st indicated early strength, but with the $3,350 support still some distance away, a quick drop to that level is considered “unlikely” at present, the same Yahoo Finance article states.

The next few days are expected to be pivotal. If Ethereum fails to stay above $3,650, it could signal a deeper correction, while a strong close above $4,000 might draw in new investment and revive the November rally, Coinpedia cautions. Investors are also monitoring the Federal Reserve’s policy updates, as a dovish stance could spark a wider altcoin rally, according to Yahoo Finance’s coverage of ETH price trends. Ultimately, Ethereum’s direction will depend on whether buyers can protect key support levels or if sellers will drive the price to further lows.